Pantaloon Retail steps out of JV with Alpha group

Pantaloon Retail India, a part of Kishore Biyani led Future Group today, announced that it had sold its entire stake in Alpha Future Airport Retail to Alpha Overseas Holdings. Alpha Future Airport Retail was a 50:50 joint venture company between Pantaloon Retail India and the Alpha Group.
With this stake sale, Pantaloon proclaimed itself to be out of the said JV.
Alpha Group, is one of the world`s biggest aviation support companies and a wholly owned subsidiary of Autogrill SpA.
18/11/08 Myiris.com

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Categories: Airports Nov 2008, Foreign Nov 2008